The Performance Reports of ________ Contain Actual and Budgeted Information

question 77

Multiple Choice

The performance reports of ________ contain actual and budgeted information on both their revenues and costs.

• A) profit centers
• B) cost centers
• C) revenue center
• D) KPI centers

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Definitions:

Bankrupt

A person who has made an assignment in bankruptcy or been forced into bankruptcy through a court order obtained by a creditor, and who has not been discharged from bankruptcy.

Discharged

The release or termination of an obligation, such as debt or duty, under certain conditions.

Security Agreement

A legal contract that grants a lender a security interest in an asset or property offered as collateral for a loan.

Assigned

Transferred or allocated to a party or for a specific purpose.